Short Interest in Energy Vault Holdings, Inc. (NYSE:NRGV) Declines By 14.1%

Energy Vault Holdings, Inc. (NYSE:NRGV) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 7,578,305 shares, a decline of 14.1% from the January 15th total of 8,825,148 shares. Currently, 5.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,530,048 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 2,530,048 shares, the days-to-cover ratio is presently 3.0 days. Currently, 5.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NRGV. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. The Goldman Sachs Group lifted their price target on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Finally, Fundamental Research set a $5.19 price objective on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.67.

Insider Buying and Selling

In other news, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the completion of the sale, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the transaction, the insider directly owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. This represents a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NRGV. Millennium Management LLC grew its stake in Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the period. State Street Corp boosted its holdings in shares of Energy Vault by 1,004.0% during the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after buying an additional 5,181,624 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Energy Vault in the 4th quarter worth about $18,217,000. Marshall Wace LLP grew its position in shares of Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after buying an additional 1,821,462 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Energy Vault by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock worth $5,416,000 after acquiring an additional 308,509 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Trading Down 2.1%

Energy Vault stock traded down $0.07 during mid-day trading on Wednesday, reaching $3.09. 2,126,732 shares of the company traded hands, compared to its average volume of 3,596,346. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. Energy Vault has a 52-week low of $0.60 and a 52-week high of $6.35. The firm has a market capitalization of $517.63 million, a price-to-earnings ratio of -3.25 and a beta of 0.91. The firm’s 50 day moving average price is $4.89 and its 200 day moving average price is $3.55.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.